Category: Financial Services

SFC fines
October 23, 2017 BY Valentina Kirilova

First EMIR derivatives reporting fine handed out to Merrill Lynch - £34.5 million

Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016. This is the first enforcement action against a firm for failing to report details of trading in exchange traded derivatives, under the European…

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tocom
October 23, 2017 BY Valentina Kirilova

Holly Su Futures welcomed as TOCOM remote broker member

The Tokyo Commodity Exchange, Inc. (TOCOM) announced today that the Exchange granted a Remote Broker Membership to Holly Su Futures (Hong Kong) Co., Ltd. Holly Su Futures is the Hong Kong subsidiary of Holly Futures, a Nanjing-based Chinese futures commission merchant on October 20. They now hold the second Remote Broker Membership at TOCOM. Remote…

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Nasdaq Dubai
October 23, 2017 BY Valentina Kirilova

DFM and Nasdaq Dubai to launch futures on DFM General Index

Dubai Financial Market (DFM) and Nasdaq Dubai have signed a licence agreement under which futures contracts linked with the DFM General Index (DFMGI) will be traded on Nasdaq Dubai’s equity futures market. The launch of the index futures is a core element of the exchanges’ joint strategy to offer institutional and retail investors attractive new…

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clone firm FCA warning
October 20, 2017 BY Valentina Kirilova

FCA warns against Britannia Capital Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Britannia Capital Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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October 20, 2017 BY Valentina Kirilova

Nasdaq welcomes MongoDB Inc. to the Nasdaq Stock Market

MongoDB, Inc. (Nasdaq:MDB), the modern, general purpose database platform, rang the opening bell at the Nasdaq MarketSite in Times Square yesterday in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. MongoDB’s platform unleashes the power of software and data for developers and the applications they build. A database is at the…

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MAS Monetary Authority of Singapore
October 20, 2017 BY Valentina Kirilova

MAS simplifies rules for managers of venture capital funds to facilitate start-ups’ access to capital

The Monetary Authority of Singapore (MAS) announced today that a simplified regulatory regime for managers of venture capital funds (VC managers) will come into immediate effect, following public consultation on the proposal earlier this year. The new regulatory regime will simplify and shorten the authorisation process for VC managers. MAS will no longer require VC…

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Euronext buys Irish Stock Exchange (ISE)
October 20, 2017 BY Valentina Kirilova

Irish Stock Exchange Equities turnover up 4% in Q3 2017

The Irish Stock Exchange (ISE) has just released itr volumes report for the third quarter of 2017. The highlights include: Over 36,000 securities listed by over 4,000 issuers from 85 countries Equities turnover up 4% to €73bn for first 9 months of 2017 ISEQ up 5.6% in period Jan-Sept 2017 Two new equity listings during…

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FCA regulatory sandbox FinTech WFE
October 20, 2017 BY Valentina Kirilova

FCA outlines lessons learned in year one of its Regulatory Sandbox

The Financial Conduct Authority (FCA) has today published a report outlining how the regulatory sandbox has met its objectives over the first year of operation. The sandbox was established to support the FCA’s objective of promoting effective competition in the interests of consumers. The sandbox enables firms to test innovative products, services or business models in…

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